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Personal Protective Equipment Market to Exhibit 7.6% CAGR till 2028; 3M Doubles U.S. Production of N95 Respirators through Department of Defense Contracts

April 21, 2021 | Chemicals & Materials

The global personal protective equipment (PPE) market size is projected to reach USD 231,630.4 million by 2028. The rising trend of utilizing eco-friendly materials for maintaining environmental safety is likely to create more growth opportunities for the market. Several companies are nowadays sourcing fossil fuels to produce safety helmets and other PPE gears. For instance, MSA provides V-Gard GREEN Hard Hat made up of 95% bio-based content. It has green high density polyethylene (GHDPE) that is manufactured by using sugarcane-based ethanol. Fortune Business Insights™ published this information in a new study, titled, “Personal Protective Equipment (PPE) Market Size, Share & COVID-19 Impact Analysis, By Product (Hand Protection, Eye & Face Protection {Safety Spectacles, Safety Goggles, Welding Shields, Face Shields, and Head Gear}, Hearing Protection {Ear Plugs, Cap Mounted Earmuffs, and Hearing Bands}, Protective Clothing {Chemical Defending Garment, Flame Retardant Apparel, High Visibility Clothing}, Respiratory Protection {(APR), and Supplied Air Respirators}, Protective Footwear, Fall Protection, Head Protection), By End-use Industry, and Regional Forecast, 2021-2028.” As per the study, the market stood at USD 128,675.1 million in 2020 and is set to exhibit a CAGR of 7.6% during the forecast period between 2021-2028.


Cummins and DuPont Partner Up to Develop N95 Masks


In April 2020, DuPont and Cummins Inc. joined hands to help address the shortage of N95 masks because of the outbreak of COVID-19. DuPont’s Hybrid Membrane Technology (HMT) is used in the latter’s NanoForce and NanoNet Media technology to prevent long-term engine wear. The same technology can be used in N95 respirator masks worn by frontline workers to filter dangerous airborne particles spreading COVID-19. As per one of the company officials, “Our new project can deliver open source instructions that other healthcare groups and systems can utilize to develop their own masks.” Such initiatives by companies would help surge the demand for PPE kits in the upcoming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/personal-protective-equipment-ppe-market-102015


Increasing Need to Reduce Workplace Fatalities will Favor PPE Market Growth


The rising industry fatalities and awareness of workers’ safety are set to boost the demand for protective gloves, safety footwear, emergency escape devices, safety goggles, helmets, full body harnesses, earplugs, and protective clothing. As per the International Association of Oil & Gas Producers (IOGP), in 2018, there was a drop of 8% in fatal accident rates in the oil and gas industry. At the same time, the number of fatalities reduced to 31% in 2018 from 33% in 2017.


Government agencies, such as the National Institute for Occupational Safety and Health (NIOSH) issued recommendations to lower the risk of fatalities by using respiratory protection, training workers on the hazards related to gauging tanks, and conducting hazard assessment on well sites. However, the availability of cheap and inferior quality substitute products may obstruct the demand for PPE in the near future.


Key Companies to Participate in Capacity Expansions & Acquisitions to Compete in Market


Major companies operating in the personal protective equipment industry are focusing on signing new agreements, acquisitions, and product launches to surge their shares. Besides, some of the others are trying to gain new contracts from regulatory bodies to expand their production capacities of PPE kits for meeting the rising demand during the COVID-19 pandemic.


Fortune Business Insights™ presents a list of reputed personal protective equipment providers operating in the global market. They are as follows:



  • 3M (Minnesota, U.S.)

  • Ansell Ltd. (Richmond, Australia)

  • DuPont (Delaware, U.S.)

  • Mallcom (India) Limited (Kolkata, India)

  • Honeywell International, Inc. (North Carolina, U.S.)

  • Alpha ProTech (Markham, Canada)

  • Avon Protection (Maryland, U.S.)

  • COFRA S.r.l. (Barletta Andria Trani, Italy)

  • Uvex Group (Fürth, Germany)

  • MSA (Pennsylvania, U.S.)

  • Radians, Inc. (Tennessee, U.S.)

  • TEIJIN LIMITED (Tokyo, Japan)

  • TenCate Fabrics (Nijverdal, Netherlands)

  • Towa Corporation (Kyoto, Japan)

  • Supermax Corporation Berhad (Kuala Lumpur, Malaysia)

  • MCR Safety (Tennessee, U.S.)

  • Lakeland Inc. (New York, U.S.)

  • W. L. Gore & Associates, Inc. (Delaware, U.S.)

  • Bullard (Kentucky, U.S.)

  • Other Key Players


A Notable Industry Development-



  • January 2020: 3M received two contracts from the U.S. Department of Defense to expand its production of N95 respirators to meet the rising demand amid the COVID-19 pandemic in the country. It has doubled the global output to 1.1 billion per year. The U.S. DoD invested approximately USD 80 million to accelerate production.


Further Report Findings-



  • In 2020, North America generated USD 42,805.7 million in terms of revenue. This growth is attributable to the rising awareness regarding occupational safety measures among manufacturers and workers. As per the U.S. Bureau of Labor Statistics, in 2018, around 5,250 workers died from work-related injuries in the U.S.

  • Europe is expected to remain in the second position on account of the rising investments by governments on renewable energy sources.

  • Based on the product, the market for personal protective equipment is divided into head protection, hearing protection, eye face protection, protective clothing, protective footwear, respiratory protection, hand protection, fall protection, and others. Amongst these, the hand protection segment is set to hold the largest PPE market share in the near future. This growth is attributable to the surging demand for safety gloves from workers to protect themselves from metal cuts and chemical burns.


The PPE market can be segmented in the following way:














































  ATTRIBIUTE



  DETAILS



Study Period



   2017-2028



Base Year



   2020



Forecast Period



   2021-2028



Historical Period



   2017-2019



Unit



   Value (USD Million)



Segmentation



   Product; End-use Industry; and By Region



By Product




  • Hand Protection

  • Eye & Face Protection

    • Safety Spectacles

    • Safety Goggles

    • Welding Shields

    • Face Shields

    • Head Gear



  • Hearing Protection

    • Ear Plugs

    • Cap Mounted Earmuffs

    • Hearing Bands



  • Protective Clothing

    • Chemical Defending Garment

    • Flame Retardant Apparel

    • High Visibility Clothing

    • Others



  • Respiratory Protection

    • Air Purifying Respirators (APR)

    • Supplied Air Respirators



  • Protective Footwear

  • Fall Protection

    • Soft Goods

    • Hard Goods

    • Full Body Harness

    • Rescue Kits

    • Body Belts



  • Head Protection

  • Others



By End-use Industry




  • Manufacturing

  • Construction

  • Automotive

  • Oil & Gas

  • Healthcare

  • Food

  • Chemical

  • Transportation

  • Others



By Region




  • North America (By Product, By End-use Industry)



      • The U.S. (By End-use Industry)

      • Canada (By End-use Industry)





  • Europe (By Product, By End-use Industry)



      • Germany (By End-use Industry)

      • UK (By End-use Industry)

      • France (By End-use Industry)

      • Italy (By End-use Industry)

      • Spain (By End-use Industry)

      • Belgium (By End-use Industry)

      • Rest of Europe (By End-use Industry)





  • Asia Pacific (By Product, By End-use Industry)



      • China (By End-use Industry)

      • Japan (By End-use Industry)

      • India (By End-use Industry)

      • South Korea (By End-use Industry)

      • Rest of Asia Pacific (By End-use Industry)





  • Latin America (By Product, By End-use Industry)



      • Brazil (By End-use Industry)

      • Mexico (By End-use Industry)

      • Argentina (By End-use Industry)

      • Rest of Latin America (By End-use Industry)





  • The Middle East & Africa (By Product, By End-use Industry)



      • South Africa (By End-use Industry)

      • Saudi Arabia (By End-use Industry)

      • UAE (By End-use Industry)

      • Rest of the Middle East & Africa (By End-use Industry)






Personal Protective Equipment (PPE) Market
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  • 2020
  • 2017-2019
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